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Introduction
The Master of Finance program at the University of Melbourne is highly regarded for its comprehensive education in finance. This MS degree has consistently ranked among the top global universities, making it a preferred choice for international students due to its impressive graduate employability rates.
The program's interactive curriculum, vast research prospects, and exceptional faculty provide students with a transformative educational journey. This Master of Science degree empowers students to become innovative and self-reliant researchers.
| Tuition Fees | AUD57,242 |
| Program Length | 18 Months |
| Program deadline | 31 March 2024 30 September 2024 |
| Application Fees | AUD$130 |
Melbourne MFin Class Profile
There is official information available for the class profile of the Melbourne MFin program.
Melbourne MFin Ranking
As of my last update, the Master of Finance (MFin) program at the University of Melbourne has consistently ranked among the top finance programs globally. Several factors contribute to the program's strong ranking and reputation within the finance industry and academic circles:
| Rankings | Position |
| QS World University ranking | 14 |
| QS World University Rankings 2024/QS Graduate Employability | 1 |
| QS Sustainability Ranking | 9 |
Eligibility & Requirements for Melbourne MFin
The Master of Finance (MFin) program at the University of Melbourne is designed for individuals with a strong academic background, a passion for finance, and a desire to advance their careers in the financial industry. The program's eligibility criteria and requirements are structured to ensure that applicants have the necessary foundation and readiness to succeed in this rigorous and comprehensive finance program.
| Requirements | Details |
| Completed online application form | -An undergraduate degree with a major in finance |
| Test scores needed | -GMAT/GRE Score (if you've not completed your UG in Australia or New Zealand) |
| English Language Requirements | - IELTS- 7.0 - TOEFL- 94+ - PEARSON- 65+ - CAMBRIDGE- 185+ |
| Additional requirements | -University Transcripts (with certified English translation) -One-page CV (with explanations for significant employment gaps) - AUD$130 |
Program & Curriculum of Melbourne MFin
The program is structured to be finished within 18 months of full-time study (or the part-time equivalent for domestic students) and necessitates the completion of 150 points.
The 150-point program consists of:
- Four mandatory courses
- A minimum of four core courses
- Two capstone courses
- A maximum of two elective courses
Electives
The Master of Finance (MFin) program at the University of Melbourne offers a diverse range of elective courses that allow students to tailor their learning experience and specialize in specific areas of finance based on their interests, career goals, and industry preferences.
These electives cover a wide spectrum of topics within finance and provide opportunities for students to deepen their knowledge, develop specialized skills, and explore emerging trends in the financial sector.
| International Financial Management | International financial management focuses on the financial decisions and strategies of multinational corporations operating in the global market. |
| Treasury Management | Treasury management involves the management of an organization's liquidity, cash flows, and financial assets. |
| Project Finance | Project finance is a specialized form of financing used for large infrastructure and development projects. |
| Property Development and Investment | This course focuses on the real estate industry, covering property development and investment strategies. |
| Emerging Markets Finance | Emerging markets finance explores financial issues and opportunities in economies that are in the process of rapid growth and development. |
Fees, Financing & Scholarships at Melbourne MFIn
The fees, financing options, and scholarships available for the Master of Finance (MFin) program at the University of Melbourne are important considerations for prospective students planning to pursue this advanced degree in finance. The program aims to provide a comprehensive financial education while also offering support to help students manage the costs of their education.
| Indicative total course fee | AUD$57,242 |
| Indicative first year fee | AUD$37,536 |
| Application Fees | AUD$130 |
Scholarships for Melbourne MFin applicants
The Master of Finance (MFin) program at the University of Melbourne offers a range of scholarships and financial aid opportunities to support exceptional candidates and facilitate access to high-quality education in finance. These scholarships are designed to recognize academic excellence, leadership potential, diversity, and financial need among applicants.
| Scholarship | Value | Eligibility |
| Health Promotions Program (HPPG) Grant | up to $10,000 | Open to: All successful MFin applicants |
| Bill & Melinda Gates Foundation: Gates Cambridge Scholarships | 100% fee remission and at least $35,000 | Open to: All successful MFin applicants |
| Canadian Institutes of Health Research: Banting Postdoctoral Fellowships | up to $140,000 | Open to: All successful MFin applicants |
| Smithsonian Institution: Fellowship Program | up to $150,000 | Open to: All successful MFin applicants |
| Marie Skłodowska-Curie Actions | $20,000 - $16,000,000 | Open to: All successful MFin applicants |
Employment Upon Graduation
Upon completing the Melbourne Master of Finance (MFin) program, graduates enter the job market equipped with a blend of theoretical knowledge and practical skills tailored to meet the demands of the finance industry.
The program's rigorous curriculum, coupled with Melbourne Business School's reputation for excellence, positions graduates for success in various sectors of finance.
| Average salary MBA2024 |
$98,000 |
| Offer accepted upon three months of graduation | NA |
| Offer received upon three months of graduation | NA |
| Reporting rate | NA |
| Post-program job locations | NA |
| Post MBA industries MBA2022 |
Investments Banking Corporate advisory Financial analysis |
Melbourne MFin Application
Upon completion of submitting all necessary documents, the University will send you two emails:
- Upon saving your personal information in our application system, you'll receive an email containing your temporary application ID, enabling you to access your application account.
- Following the payment of your application fee (if applicable) and the submission of your application, you'll receive a second email. This email confirms the successful submission of your application, outlining its details and providing instructions for uploading application documentation.
Essays
Your application for the Melbourne MFin program must include a personal statement of no more than 500 words. It should describe your personal motivation to undertake further study and can include details of your personal circumstances as well as your life and work experiences. It should emphasize any aspect of your personal history that may enhance your application, including extra-curricular activity, community involvement, work experience, relevant personal characteristics and any outstanding achievements.
Meanwhile, Interviews are not conducted in the University of Melbourne MFin Selection processs.
Why University of Melbourne is Unique?
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Here are some features of the Melbourne MFin program that make it unique:
- Take a Practicum subject for a taste of consulting: You can apply to take the ‘Business Practicum’ or ‘Global Business Practicum’ as an elective. The Practicum subjects offer you the opportunity to work in a small student team on a real-life consulting project over an intensive 2-week period. You could be assigned to a company in Melbourne or Sydney or go global, we’ve taken previous groups of students to Shanghai, London, Singapore and Paris.
- Industry guest lectures and in-class simulations: The Master of Finance offers a regular number of guest lectures from industry experts, bringing the current developments in the finance industry direct to you. In-class simulations allow you to operate like a finance professional, testing out your skills in seminars and workshops.
- Pairing with the University’s Centre for Advancing Journalism: Strong communication skills are critical to becoming a successful finance professional. For our Communicating Current Issues in Finance capstone subject we’re working with the Centre for Advancing Journalism to give you the knowledge and tools to talk about finance like a pro using different mediums like blogs, podcasts and video.
- Join the Melbourne Business School Student Association (MBSSA) or be part of their Case Competition: Our student association is the place to ‘meet your people’, the MBSSA hold a number of social and professional development events each year including their popular case competition, which sees student teams compete on stage to solve a current problem for a company within a strict timeframe.
Useful Links
| Eligibility & admission process | Masters in Finance: Entry Requirements |
| Program deadlines | Application Closing dates |
| Costs & finance | Fees |
| LBS Alumni | Notable Alumni |
| think (AT LONDON BUSINESS SCHOOL) | Think | Thought Leadership | London Business School |
| Contact | Melbourne MFin Program caps-reception@unimelb.edu.au +61 3 9035 5511 |
Conclusion
The Melbourne MFin program stands out as a premier choice for individuals seeking a comprehensive and globally recognized education in finance. With a rigorous curriculum, diverse scholarship opportunities, and a strong focus on practical learning, this 18-month program equips students with the knowledge and skills required to excel in the dynamic world of finance.
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